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Oct 11, 2012
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i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's the american dream. and to my friend to my side of the aisle who simply don't like some of the spending in the bill. i don't like it either. let's cut the spending next year when we're in charge. there's junk in the tax code. everybody agrees with this. this is advancing some of the junk in the tax code and what i say to my friends on the other side of the aisle next year let's get rid of the junk of the tax code with we're in charge. right now, let's not hit the american people with the tax increase. if we want to get this debt under control, if we want to g
i hear all this talk about about the death tax, the estate tax. it's going give a windfall to the people. all themen money going the privilege people who built the pis business, made their money it's their money. which is it? do we have a country built on equal natural rights, where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, earn success, and yes, pass it on to your kids. what on earth is wrong with that? that's...
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Oct 10, 2012
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
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Oct 11, 2012
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raising taxes, raising taxes is not the answer. if you think about it washington, you should not want anybody to send my more money to washington until they learn fix what they spend today. if i held up a budget and put the holes and the leaks and the spending that's going on. you would say why would anybody want to put more water in the bucket. let's fix it. that's the difference. washington doesn't know how to spend the money they're getting already. we need make sure we are looking at every line item. we are borrowing 40 cents on the dollar for every thing we spend we need to make sure is it worth borrowing money from chinese to do this. >> moderator: a followup question, i'm start with you mr. renacci. how kickly -- quickly shouldly reached balance spended you supported the ryan budget which takes twenty five years to reach the goal. is that realistic or should it be shorter? renacci: i'm concerned that making social security, medicare, and medicaid are solvent. i want to make sure that those 55 and older have no changes to the
raising taxes, raising taxes is not the answer. if you think about it washington, you should not want anybody to send my more money to washington until they learn fix what they spend today. if i held up a budget and put the holes and the leaks and the spending that's going on. you would say why would anybody want to put more water in the bucket. let's fix it. that's the difference. washington doesn't know how to spend the money they're getting already. we need make sure we are looking at every...
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Oct 12, 2012
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stage, that tax cut's a 20% across the board plus the estate tax, is $5 trillion. $5 trillion. there's no question, you can't argue about it, that if you look at all of the deductions and all the exemptions, assuming you got rid of every penny of the chapterble deduction and the standard deduction for people with incomes over $250,000, there's much less than $5 trillion there. you're talking about giving a tax cut to people over $250,000, even if you take away every single deduction and loophole. it's very hard to understand how you can talk about doing that and not giving any tax to wealthy people. if you are going to pay for your $5 trillion tax cut, since you can't pay for your $5 trillion tax cut by taking it from people with income above $250,000, it follows -- it follows that you have to take it from people with incomes under $250,000 who, in the political process, we have come to call the middle class and the upper middle class. that is elementary math. now, it is suggested that that's just one study by the tax policy center, and that there are somehow six contrary studi
stage, that tax cut's a 20% across the board plus the estate tax, is $5 trillion. $5 trillion. there's no question, you can't argue about it, that if you look at all of the deductions and all the exemptions, assuming you got rid of every penny of the chapterble deduction and the standard deduction for people with incomes over $250,000, there's much less than $5 trillion there. you're talking about giving a tax cut to people over $250,000, even if you take away every single deduction and...
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Oct 12, 2012
10/12
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he is also has also said he is going to deal with tax loopholes and i'm not a tax expert but it seems to me they're an awful lot of those loopholes and that will help and again when we are only talking about essentially 1.4% of the entire problem, it seems it doable to fix it. you can't fix it in one year. you can fix it in four years for sure, so at least i'm trying to answer your question. now i can't just sit back and listen to some of this stuff and be told in a fact, you dov, you just don't know any facts. first of all one little fact. i really wonder whether mr. panetta, who talks about the smallest number of ships since 1950, sent that in a letter to your former boss, senator mccain, would really be happy to hear that his argument is ridiculous. it wasn't a republican he made that case. it was mr. panetta. number one. number two, the navy is going to be bigger to kasai funded the ships that are being built. it takes a few years to get them out to see. look at the pattern of naval spending and the number of ships over the next few years. the air force, rich was very careful to t
he is also has also said he is going to deal with tax loopholes and i'm not a tax expert but it seems to me they're an awful lot of those loopholes and that will help and again when we are only talking about essentially 1.4% of the entire problem, it seems it doable to fix it. you can't fix it in one year. you can fix it in four years for sure, so at least i'm trying to answer your question. now i can't just sit back and listen to some of this stuff and be told in a fact, you dov, you just...
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Oct 8, 2012
10/12
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john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president literally said to me, i would willingly lose an election if i could solve these problems. it is that serious. tim geithner, the treasury secretary, in the book is quoted thousands of words telling the president, you have got to do something about this problem. we have to fix it. you literally, it's not that we're going to close down the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligation
john boehner is trying to work a deal with the president to do tax reform and entitlement reform and his deputy, the majority leader, calls people like paul ryan, who is now running for vice president. .. >> if you keep doing this, you are going to risk your speakership. the president said when i talked to him, interestingly enough, he said in fixing -- he realizes the magnitude of all of this, as does speaker boehner, key democrats, key republicans realize what it is. and the president...
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Oct 8, 2012
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the country pays no taxes. pacino talk about that. >> guest: the reason they pay the taxes at the same reason they rob eggs. as where the money is. >> host: what do you mean? >> guest: the reach of all the money now. they have always paid my taxes. you don't think it's his or harder working, more virtuous in terms of putting themselves on the line and accept risk in order to achieve their trains? >> guest: some fall into that category. the world is filled with all kinds of creative people who need a lot of money. and there's no problem. the problem we say is that this is a ballot the way it used to be for the rich didn't use to pay a lot more than they do now. the average person i has no idea. how much the tax rates have dropped. i mean, the one you mentioned a second ago as dividend income. it's a perfect example. most of its history, the tax on dividends was outpaced what was it to it was the biochemistry salesman or die maker, whatever. the end of your income, dividends were taxed at that rate. 2000 the cubs
the country pays no taxes. pacino talk about that. >> guest: the reason they pay the taxes at the same reason they rob eggs. as where the money is. >> host: what do you mean? >> guest: the reach of all the money now. they have always paid my taxes. you don't think it's his or harder working, more virtuous in terms of putting themselves on the line and accept risk in order to achieve their trains? >> guest: some fall into that category. the world is filled with all kinds...
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Oct 11, 2012
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because of that tax reform, and they are keeping the tax money there. to help the poor will have a commitment to the program and they're spending more in poverty programs today than we were in 1981. that is a fact. the poverty program that we are going to concentrate on is creating jobs and opportunities so that everyone will have the opportunity that they want. >> moderator: senator bentsen, your response? bentsen: i find that very interesting, because he has been of no help at all when it comes to passing the most major wall family for bill in the history of the country. we are working very hard to see that people can get off of welfare, break that cycle, take a step up doing the kind things we did there to let them have medicaid for the year that is a positive thing that it's done. but also frustrates me with a kind of reports that i just heard here is the kind of vote that he has cast against the child nutrition programs. the fact that he's voted against money that we needed for the further immunizations, the denial of polio shots to kids where the
because of that tax reform, and they are keeping the tax money there. to help the poor will have a commitment to the program and they're spending more in poverty programs today than we were in 1981. that is a fact. the poverty program that we are going to concentrate on is creating jobs and opportunities so that everyone will have the opportunity that they want. >> moderator: senator bentsen, your response? bentsen: i find that very interesting, because he has been of no help at all when...
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Oct 9, 2012
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do we raise taxes? if we lower taxes do we get more revenue? what about cutting the size of government? it's just too big. in any downturn all of the businesses in this country cut staff, cut expenses. the government hasn't done the. they have just increased their expenses. >> jay? >> i think you have to look at the spending side of the ledger. in fact, the president said in the debate we need to look at medicaid because as he said it's the biggest driver of debt right now in our country. so there has to be, there has to be a focus and if entitlements are going to have to have a serious look. reform is going to be necessary in order to change the way we are spending money, if we want to continue to ensure that those who need to benefit do benefit in the future. but everything can be examined. every business in this country, every single day examines what they are spending money on, how they're spending the money, making sure that their processes in manufacturing are lean, mean that there is no waste. government can do the same. i know that stat
do we raise taxes? if we lower taxes do we get more revenue? what about cutting the size of government? it's just too big. in any downturn all of the businesses in this country cut staff, cut expenses. the government hasn't done the. they have just increased their expenses. >> jay? >> i think you have to look at the spending side of the ledger. in fact, the president said in the debate we need to look at medicaid because as he said it's the biggest driver of debt right now in our...
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Oct 9, 2012
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the government can deny you tax-exempt status. even though it does involve your religious beliefs because there are some rules for the civil society and secular society and we are found on the principle that we get to have a organized non-chaotic government even if it does infringe on the religious belief as long as we are not targetting a religion a lot of what is going on with this birth control argument that the churches are wanting from the government have constitutional implications and with that i'm going to turn over to charlie who knows about that much more than i do. [applause] i don't know a darn thing about law. [applause] i and addressing this issue of women's economic rights to the right of contraceptive health care coverage in the light of the demands of religious liberty. so, some of the things we've talked about. in my judgment it's been understood in this country has been pointed out it's important but it can conflict with other rights. so therefore i also distinguish between religious liberty and the very strict
the government can deny you tax-exempt status. even though it does involve your religious beliefs because there are some rules for the civil society and secular society and we are found on the principle that we get to have a organized non-chaotic government even if it does infringe on the religious belief as long as we are not targetting a religion a lot of what is going on with this birth control argument that the churches are wanting from the government have constitutional implications and...
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Oct 8, 2012
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i'm a monthly columnist to tax knows. i've edited a book called overcoming barriers to entrepreneurship. that was published i roam and and littlefield two or three years ago so i wouldn't say it's a radical change. it's something i've been thinking about and writing about for a long time. >> thank you for joining us on booktv. >> thanks so much for having me on. >> up next on booktv, former north chicago superintendent of schools, patricia pickles, presents her thoughts on how to improve the american educational system. >> first, i thank the business leaders for allowing me to join my vision in education. i also want to recognize some of the groups for organizations that i provide service and support. a.k.a., alpha kappa alpha, the urban league and the urban league field -- guild, and the national association for the mentally ill your thank you for being here. i am patricia pickles, the author of "are you in a pickle? lessons learned along the way: students' performance and achievement gaps." i am the first college gradua
i'm a monthly columnist to tax knows. i've edited a book called overcoming barriers to entrepreneurship. that was published i roam and and littlefield two or three years ago so i wouldn't say it's a radical change. it's something i've been thinking about and writing about for a long time. >> thank you for joining us on booktv. >> thanks so much for having me on. >> up next on booktv, former north chicago superintendent of schools, patricia pickles, presents her thoughts on how...